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    Property profile & analytics

    Hernandez, NM 87537

    • Commercial real estate
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US61-0978533
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Lot size
    0.84 lot acres
    Property type
    Commercial real estate
    APN
    1 044 125 033 333
    APU
    1044125033333

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hernandez
    County
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.125
    Latitude
    36.0694
    CBSA code
    21580
    CBSA name
    ESPANOLA, NM MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $933
    $21,765
    $11,003
    $32,768
    -
    $65,295
    $33,009
    $98,304

    Comparable in this City

    • Value Estimation by Request
      2,091 SF

      19350 Us Hwy 84285

      COMMERCIAL (GENERAL) • 2,091 SF
      19350 Us Hwy 84285, Hernandez, NM 87537-9998
      View Details
    • Value Estimation by Request
      150.00 Acres

      55 Co Rd

      Land • 150.00 Acres
      55 Co Rd, Ohkay Owingeh, NM 87537
      View Details
    • Value Estimation by Request
      14,700 SF

      19283 Us Hwy 84285

      APPLIANCE STORE • 14,700 SF
      19283 Us Hwy 84285, Hernandez, NM 87537-9021
      View Details
    • Value Estimation
      $360,000
      2.41 Acres

      Hernandez, NM 87537

      MOBILE HOME PARK, TRAILER PARK • 2.41 Acres
      Hernandez, NM 87537
      View Details
    • Value Estimation
      $460,000
      100 SF

      19691 Us Hwy 84

      APPLIANCE STORE • 100 SF
      19691 Us Hwy 84, Hernandez, NM 87537-9758
      View Details
    • Value Estimation by Request
      0.53 Acres

      19854 Us Hwy 84

      APPLIANCE STORE • 0.53 Acres
      19854 Us Hwy 84, Hernandez, NM 87537
      View Details

    Similar Nearby for Sale

    • $245,000
      926 SF

      Commercial Property on Highway 84/285

      1.22-acre commercial property with excellent visibility and highway access.
      19346 Us 84-285, Espanola, NM 87537
      View Details
    • $152,000
      2.53 Acres

      Land Near US Highway 84/285

      2.53-acre tract near US Highway 84/285 in Hernandez, NM.
      84/285 Unit Tract V-1, Hernandez, NM 87537
      View Details
    • $152,000
      2.53 Acres

      Land Near US Highway 84/285

      2.53-acre tract with multiple building sites near US Highway 84/285.
      84/285 Unit Tract V-2, Hernandez, NM 87537
      View Details
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    Hernandez, NM 87537
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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